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Side-by-side financial comparison of Liberty Live Holdings, Inc. (LLYVA) and OneSpan Inc. (OSPN). Click either name above to swap in a different company.

OneSpan Inc. is the larger business by last-quarter revenue ($65.9M vs $61.7M, roughly 1.1× Liberty Live Holdings, Inc.). OneSpan Inc. runs the higher net margin — 17.5% vs -90.3%, a 107.8% gap on every dollar of revenue. On growth, OneSpan Inc. posted the faster year-over-year revenue change (4.1% vs -3.8%).

Liberty Media Corporation is an American mass media company founded by John C. Malone in 1991. The company has two divisions, represented by separate tracking stocks, reflecting its ownership stakes in the Formula One Group and Live Nation Entertainment. As of 2025, Liberty Media owned three global motorsport businesses in the form of Formula One, MotoGP and World Superbikes.

OneSpan Inc. is an information security company based in Boston, Massachusetts. Services include an internet fraud prevention platform, multi-factor authentication tools and electronic signature software.

LLYVA vs OSPN — Head-to-Head

Bigger by revenue
OSPN
OSPN
1.1× larger
OSPN
$65.9M
$61.7M
LLYVA
Growing faster (revenue YoY)
OSPN
OSPN
+7.9% gap
OSPN
4.1%
-3.8%
LLYVA
Higher net margin
OSPN
OSPN
107.8% more per $
OSPN
17.5%
-90.3%
LLYVA

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
LLYVA
LLYVA
OSPN
OSPN
Revenue
$61.7M
$65.9M
Net Profit
$-55.7M
$11.6M
Gross Margin
20.6%
73.6%
Operating Margin
-27.2%
22.5%
Net Margin
-90.3%
17.5%
Revenue YoY
-3.8%
4.1%
Net Profit YoY
-464.7%
EPS (diluted)
$0.39

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
LLYVA
LLYVA
OSPN
OSPN
Q1 26
$65.9M
Q4 25
$62.9M
Q3 25
$61.7M
$57.1M
Q2 25
$59.8M
Q1 25
$63.4M
Q4 24
$61.2M
Q3 24
$64.2M
$56.2M
Q2 24
$60.9M
Net Profit
LLYVA
LLYVA
OSPN
OSPN
Q1 26
$11.6M
Q4 25
$43.5M
Q3 25
$-55.7M
$6.5M
Q2 25
$8.3M
Q1 25
$14.5M
Q4 24
$28.8M
Q3 24
$15.3M
$8.3M
Q2 24
$6.6M
Gross Margin
LLYVA
LLYVA
OSPN
OSPN
Q1 26
73.6%
Q4 25
73.6%
Q3 25
20.6%
73.6%
Q2 25
73.5%
Q1 25
74.3%
Q4 24
74.0%
Q3 24
13.2%
73.9%
Q2 24
66.2%
Operating Margin
LLYVA
LLYVA
OSPN
OSPN
Q1 26
22.5%
Q4 25
19.9%
Q3 25
-27.2%
14.4%
Q2 25
17.6%
Q1 25
27.1%
Q4 24
19.3%
Q3 24
-22.6%
20.0%
Q2 24
12.5%
Net Margin
LLYVA
LLYVA
OSPN
OSPN
Q1 26
17.5%
Q4 25
69.2%
Q3 25
-90.3%
11.4%
Q2 25
13.9%
Q1 25
22.9%
Q4 24
47.1%
Q3 24
23.8%
14.7%
Q2 24
10.8%
EPS (diluted)
LLYVA
LLYVA
OSPN
OSPN
Q1 26
$0.39
Q4 25
$1.13
Q3 25
$0.17
Q2 25
$0.21
Q1 25
$0.37
Q4 24
$0.73
Q3 24
$0.21
Q2 24
$0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LLYVA
LLYVA
OSPN
OSPN
Cash + ST InvestmentsLiquidity on hand
$375.8M
$49.8M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$-409.2M
$272.0M
Total Assets
$1.9B
$383.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LLYVA
LLYVA
OSPN
OSPN
Q1 26
$49.8M
Q4 25
$70.5M
Q3 25
$375.8M
$85.6M
Q2 25
$92.9M
Q1 25
$105.2M
Q4 24
$83.2M
Q3 24
$77.5M
Q2 24
$63.8M
Total Debt
LLYVA
LLYVA
OSPN
OSPN
Q1 26
Q4 25
Q3 25
$1.9B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
LLYVA
LLYVA
OSPN
OSPN
Q1 26
$272.0M
Q4 25
$271.8M
Q3 25
$-409.2M
$238.3M
Q2 25
$242.5M
Q1 25
$231.1M
Q4 24
$212.5M
Q3 24
$44.6M
$194.6M
Q2 24
$178.6M
Total Assets
LLYVA
LLYVA
OSPN
OSPN
Q1 26
$383.1M
Q4 25
$397.7M
Q3 25
$1.9B
$343.5M
Q2 25
$357.1M
Q1 25
$333.8M
Q4 24
$338.7M
Q3 24
$289.3M
Q2 24
$286.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LLYVA
LLYVA
OSPN
OSPN
Operating Cash FlowLast quarter
$-28.9M
$28.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.44×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LLYVA
LLYVA
OSPN
OSPN
Q1 26
$28.2M
Q4 25
$12.6M
Q3 25
$-28.9M
$11.3M
Q2 25
$6.2M
Q1 25
$29.4M
Q4 24
$12.4M
Q3 24
$14.0M
Q2 24
$2.3M
Free Cash Flow
LLYVA
LLYVA
OSPN
OSPN
Q1 26
Q4 25
$9.6M
Q3 25
$8.8M
Q2 25
$4.4M
Q1 25
$27.7M
Q4 24
$10.5M
Q3 24
$12.0M
Q2 24
$26.0K
FCF Margin
LLYVA
LLYVA
OSPN
OSPN
Q1 26
Q4 25
15.3%
Q3 25
15.4%
Q2 25
7.3%
Q1 25
43.8%
Q4 24
17.1%
Q3 24
21.4%
Q2 24
0.0%
Capex Intensity
LLYVA
LLYVA
OSPN
OSPN
Q1 26
Q4 25
4.7%
Q3 25
4.4%
Q2 25
3.1%
Q1 25
2.6%
Q4 24
3.2%
Q3 24
3.5%
Q2 24
3.7%
Cash Conversion
LLYVA
LLYVA
OSPN
OSPN
Q1 26
2.44×
Q4 25
0.29×
Q3 25
1.74×
Q2 25
0.75×
Q1 25
2.02×
Q4 24
0.43×
Q3 24
1.69×
Q2 24
0.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LLYVA
LLYVA

Segment breakdown not available.

OSPN
OSPN

Product and license$35.5M54%
Services and other$30.4M46%

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